Chapter II Bills of Exchange |
Section 12 Duplicates of Bills |
Article 118 |
(Production and validity of transcripts)The holder of a bill is entitled to make a duplicate or duplicates of the bill.
A duplicate shall be marked distinctly with the word "Duplicate," and shall transcribe exactly all the particulars contained in the original bill, with a note as to where the transcription ends.
If a duplicate is made of a bill, the holder shall make a declaration of the fact in the original bill.
Endorsement and guaranty may also be made on a duplicate with the same force and effect as those made on the original. |
Article 119 |
(Timing and method of using transcripts)If an original bill is presented for acceptance, the personal or business name and address of the acceptor shall be specified on the duplicate or duplicates of the bill.
If a bill contains the particulars referred to in the preceding paragraph, the holder may require the acceptor to surrender the original.
If the acceptor refuses to surrender, the holder may not exercise his right of recourse unless a protest is made to attest the fact that the acceptor failed to surrender the original in spite of the holder's request. |